BMO Capital Maintains Bullish Stance on Duke Energy (DUK) Stock

Duke Energy Corporation (NYSE:DUK) is one of the Best Electric Utility Stocks to Buy According to Analysts. On September 7, BMO Capital analyst James Thalacker maintained the bullish stance on the company’s stock, giving a “Buy” rating and the price objective of $132. The analyst’s rating is backed by several key factors demonstrating Duke Energy Corporation (NYSE:DUK)’s healthy financial and operational outlook. The management team showcased confidence in meeting short-term and long-term financial targets, thanks to the strong balance sheet and expected growth in gas sales.

Furthermore, the analyst opines that Duke Energy Corporation (NYSE:DUK) is poised for strong sales and EPS growth starting in 2027, thanks to the data center and economic development. The sustainability of asset growth is further strengthened by cost reduction initiatives and merger savings. Also, Duke Energy Corporation (NYSE:DUK)’s diversified operations and supportive regulatory environment improve its premium profile. Its commitment to maintain customer affordability and attract demand growth via economic development and data center opportunities remains evident, opines the analyst.

Duke Energy Corporation (NYSE:DUK) operates as an energy company. The company carries out operations via 2 segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I).

While we acknowledge the potential of DUK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.